Today could trigger the biggest pot boom of our lifetime. In a few hours, Canada will vote on legalizing recreational pot for the whole country — And the next wave of pot stock millionaires will be minted.

Forbes reports that pot legalization is… “The best ground-floor opportunity we’ve seen since the early days of the internet.”

Even though it’s set to go legal today, it’ll take up to 12 weeks for stores to start selling recreational pot. So you have a window of opportunity right now to get in on the ground floor of the companies that could dominate the legal weed market for decades to come.

Normally, when demand for a metal explodes like this, miners dig more of it out of the ground. Supply catches up with demand. Prices come back down to earth.

But that’s going to be difficult with cobalt. And there’s a simple reason for this…

• The global cobalt supply is extremely lopsided…

Just look at this chart. It’s a breakdown of the global cobalt supply.

You can see that the Democratic Republic of the Congo (DRC) dominates the market. It accounts for 60% of the world’s cobalt supply.

That’s a problem.

You see, the DRC isn’t exactly the most stable place on the planet. The country has a long history of bloody conflicts and wars. It’s also ground zero for “conflict minerals,” which can create public relations nightmares for those who do business there.

But those aren’t the only reasons to be concerned about the global cobalt supply.

• The DRC passed a new mining law in March…

This law forces foreign mining companies to pay higher taxes and royalties to the DRC government.

And it’s especially bad for companies that mine cobalt. That’s because the DRC just declared cobalt a “strategic” resource.

It did so because, again, cobalt demand is skyrocketing. Here’s a quote from Jean Nkunza, an advisor to the DRC prime minister:

We need to make enough money before we run out of these minerals, so that is why they are strategic to the country…

We have to make sure that, for the next 20 years, we make money from these minerals because demand is going to be so high. It’s going to continue to grow and we are not going to stop raising the royalties on these minerals.

As a result, foreign mining companies must now pay a 10% royalty on the cobalt they mine in the DRC. That’s up from 2% previously.

In other words, it just became a heck of a lot more expensive to mine cobalt in the DRC.

President Trump has mobilized his entire Administration to battle this problem by declaring it a National Emergency under federal law. And Congress just approved $6 billion to fight it.

Now a company is joining the battle by tackling one of the biggest problems our country has ever faced. In the past, companies in this niche saw peak gains of 95,800%, 63,400%, even 216,100%. Could this new company be the next to ride this unique wave? Get all the details here before it’s too late.

—

• International mining companies aren’t happy about this…

They’re trying to work out a friendlier deal. But I wouldn’t count on that happening.

You see, the DRC government understands a couple of things. Number one, we’re in the early innings of an EV revolution. So demand for cobalt isn’t going to let up anytime soon.

Number two, the government realizes how much leverage it has over the global cobalt supply. Remember, three-fifths of the world’s cobalt comes from the DRC. So it can get away with milking foreign mining companies.

Of course, miners realize how unstable the global cobalt supply is right now. So they’re looking elsewhere for cobalt. And many new cobalt deposits have been discovered recently. But a lot of that new production won’t go online for a few years.

In other words, I believe that we could see major disruptions in the global cobalt supply chain. If that happens, demand for cobalt could outstrip supply.

And I’m not the only Casey analyst who thinks that the stage is set for much higher cobalt prices, either.

• Dave Forest thinks that “cobalt is going to be the world’s best-performing commodity”…

Dave is our in-house resources guru and editor of International Speculator. He’s a professional geologist with 20 years of experience in the oil and gas, environmental, and mining sectors.

That kind of concentration of a metal within one nation has triggered some of the biggest commodities bull markets I’ve seen during my career… for example, rare earth elements—used in the manufacturing of cell phones and other high-tech devices. Like cobalt, the majority of rare earth elements are produced in just one country: China.

That became an issue in 2010 and 2011, when China suddenly and unexpectedly banned the export of rare earth elements.

Buyers globally were left with virtually no supply. And the resulting scramble to secure the metals drove prices of some rare earth elements up as much as 40-fold in less than a year.

It was a spectacular melt-up. Rare earth elements stocks had an equally stellar run, rising over 1,000% within months, in many cases.

Opportunities like this don’t come around often.

• Unfortunately, betting on cobalt isn’t as easy as it sounds…

There isn’t an ETF that tracks the price of cobalt. There also aren’t many pure-play cobalt mining stocks out there.

So I suggest that you follow an expert if you want to profit off of higher cobalt prices. And that’s where Dave can help…

He and Casey Research founder Doug Casey have a three-part blueprint for finding the best mining stocks on the planet. And they’ve recently recommended a small cobalt play set to soar in the months ahead.

In their brand-new report, The Cobalt Blueprint: How to Earn 86,900% Gains From America’s Next “Super Metal,” they lay out the full details on this company, including how much they think it will be worth, when to buy, and what to look for as this cobalt story unwinds.

You can learn more about this opportunity—and how to access their report—right here.

Regards,

Justin Spittler
Cusco, Peru
June 7, 2018

Reader Mailbag

It is important to point out that Banco Sabadell, a very large Spanish bank, has 40% of its fixed interest investments in Italian government bonds. In the likely event of Italy defaulting on its government bonds, it would appear that Banco Sabadell will collapse.

Why should we in Britain worry? Well, Banco Sabadell wholly owns TSB Bank, so all deposits at TSB would have to be retained by the liquidators to pay creditors of Banco Sabadell. TSB is a very large British bank, with millions of depositors. They sure are going to be really annoyed when the TSB ATMs “go dark.” I am amazed that there appears to be a conspiracy of silence in Britain about this danger to British depositors.

—Steve

As always, let us know your thoughts, including any suggestions you may have for the Dispatch, right here.

In Case You Missed It…

A few weeks ago, behind closed doors, a high-profile Wall Street broker gave a presentation to our company…

We can’t reveal his name or where he worked at this time. But what he presented that day stunned the crowd. In his own words, “It’s as close to insider trading as you can legally get.”

To hear this “Billionaire Broker’s” secret for yourself, go right here.

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